Mr. Bobby employed in PQR Ltd was permitted to admit his only son in the school run by the employer. No fee was charged on such education provided to the son of Mr. Bobby. The cost of such education for other children is
CS Executive · Tax Laws and Practice · PYQS · December 2017
Mr. Bobby employed in PQR Ltd was permitted to admit his only son in the school run by the employer. No fee was charged on such education provided to the son of Mr. Bobby. The cost of such education for other children is ₹ 1,800 per month. The perquisite value of free education in the hands of Mr. Bobby would be:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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